Resistor is a two-terminal electronic component that is used to resist or reduce the amount of current flowing in an electronic circuit. A resistor is diverse component which comes in variety of resistance values, sizes, shapes and types and these different types of resistors are used in different applications. Resistors can be broadly categorized as fixed resistors and variable resistors.

Thick film resistors are mostly used resistors in electrical and electronic circuits and have the low cost as compared to other resistor types. Thick film resistor value ranges from 0.01Ω to 50G Ω (Gigaohm). These are widely used resistors almost in every electrical device along with battery or AC connection.

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'There are various factors which are driving the growth of thick film resistor market. An average PC contains over 1000 thick film chip resistors. These resistors are heavily used in computer electronics and peripherals, mobiles & tablets and consumer electronics. One of the key factor which is driving the thick film resistor market is that the manufacturers of resistors are heavily investing in research and development, in order to increase the efficiency of thick film resistors.

The global thick film resistor market can further increase due increasing consumer spending and increasing global investment. However these resistors are made in huge volumes, thus a large amount of money is invested and any change in technology which could full-fill existing needs, provided with additional features and low-cost could act as a substitute to existing product. As the new technology could further help to reduce the final price of the end product.

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The thick film resistor market can be segmented according to its types, end-use industry and geographic region. By type, thick film resistor market can be further divided as thick film chip resistors, thick film high voltage chip resistors, thick film low resistance chip resistors and Power resistors. On the basis of end use industry, the market is divided into consumer electronics, computer & peripherals, automotive, telecommunications, industrial automation.

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Further, by geography the thick film market can also be segmented according to region into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Asia Pacific is expected to dominate the thick film resistor market among other regions, as thick film resistors is of the key component used in various application particularly in consumer electronics. These end-use application are in heavy demand in Asia-Pacific region.

Key players in the Thick film resistor markets include Vishay Intertechnology, Panasonic Industrial Devices & Solutions, ROHM semiconductors, Yageo Corporation, Bourns, TT Electronics, KOA speer electronics, Ohmite, Johanson Dielectrics, Caddock and so on. In order to gain a competitive advantage in the industry. These players are actively involved in organic and inorganic growth strategies like collaborations, partnerships, agreements, and new product launches to get better position into the market.